Evaluation — The 30-day subscription account where you hit the profit target to get funded.
Funded account — A simulated account you trade after passing. Profits are eligible for payouts.
Simulated account — An account that uses live market data but does not place trades on an exchange.
Profit target — The profit needed to pass the evaluation ($3,000 / $6,000 / $9,000).
Maximum Loss Limit (MLL) — The minimum balance your account must stay above.
End-of-day (EOD) trailing drawdown — The MLL moves up based on your highest end-of-day balance, never intraday.
MLL lock — Once your EOD balance reaches start + MLL + $100, the floor locks at your starting balance.
Consistency Rule — In funded accounts, your best day cannot exceed 40% of total net profit to request a payout.
Winning day — A trading day with $150 or more in net profit.
Contract scaling — Funded contract limits that increase as your profit grows.
Mini / standard contract — Full-size futures such as ES, NQ, YM, RTY, CL, GC.
Micro contract — 1/10th the size of a mini (MES, MNQ, MYM, M2K, MCL, MGC). 10 micros = 1 mini for limits.
Tick — The smallest price move of a contract. Tick value is the dollar value of one tick.
Per side / round trip — Per side is charged on each buy or sell; a round trip is open plus close.
Slippage — The difference between expected and actual fill price.
Flat — Having no open positions.
Liquidation — Automatic closing of positions by the system.
Reset — Restarting an account at its original values for a fee.
DCM — Designated Contract Market. CME, CBOT, NYMEX, and COMEX are the four CME Group exchanges.
Front month — The most actively traded contract expiration.
KYC — Know Your Customer identity verification, required before payouts.
Rise — Our payout provider.
Payout — A withdrawal of profits from a funded account; you keep 90%.
Trader Glossary
Plain-English definitions of common terms used at Ultra Future Funding.
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Written by Ultra Future Funding